Spiral Membrane Market Size Is Likely To Reach a Valuation of Around USD 12.77 Billion By 2028

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Spiral Membrane Market Size Is Likely To Reach a Valuation of Around USD 12.77 Billion By 2028

September 23
19:16 2021
Spiral Membrane Market Size Is Likely To Reach a Valuation of Around USD 12.77 Billion By 2028
Spiral Membrane Market
The latest research report published by Reports and Data centers around the global Spiral Membrane market. It offers an in-depth scrutiny of the Spiral Membrane industry and expands on its key segments, including product type, technology, and end-use segments.

The global spiral membrane market is forecast to reach USD 12.77 Billion by 2028, according to a new report by Reports and Data. These fabrics are unique materials that are used in the water & wastewater treatment, food & beverage, and pharmaceutical & biotechnology industry for various purposes such as for filtration of chemicals, toxins, and many others.

The market for such membrane is influenced by the rising industries due to urbanization. Increasing use of such membranes, owing to growing awareness of wastewater treatment with the demand for selective separation in order to get better quality water is acting as a driving factor for this market. The stringent environmental regulations by governments in developing countries has propelled the market growth of such membranes. High expenses associated with the production of such membranes is one of the major restraints.

The factors mentioned above jointly create opportunities for the market growth while factors such as critical effects of membrane manufacturing add limitations in the market. However, each element would have a specific impact on the market during the forecast period. Consistent developments in the market for membranes used for industrial purposes owing to innovative efforts have improved the efficiency of spiral membranes.

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Key participants:

Toray Industries

DowDuPont Hydranautics

SUEZ Water Technologies and Solutions

LG Water Solutions Koch Membrane Systems

Duraflow LLC

Pall Corporation

Pentair plc

and Lanxess

The global materials & chemicals industry has gained major momentum over recent years, owing to many favorable factors. Major factors contributing to industry revenue growth include rise in global populace and rapid surge in demand for essential consumer goods including soaps, detergents, personal care & hygiene products, cosmetics, and other consumer products. Other factors driving industry revenue growth are extensive use of raw materials & chemicals in various industries including buildings & construction, agriculture, food & beverage, power & energy, pulp & paper, textile, automotive, and consumer goods industries, rising environmental awareness among consumers worldwide, growing demand for eco-friendly and sustainable materials and chemicals, and rising demand for organic, high-performance chemicals.

Further key findings from the report suggest

Water & Wastewater Treatment industries held the largest market share of 34.3%% in the year 2018. Due to growth in the economy and the shifting of population in developed countries in the urban areas. With a growing population and urbanization, the demand for clean water is also rising, which is benefiting the market growth of these membranes.

The reverse osmosis segment is forecasted to witness the highest CAGR of 10.7% during the forecast period. This segment is rising since this technology is financially effective, advanced, and safe, when compared to others. This technology is used both for industrial and municipal wastewater treatment.

Polyamide polymer type segment held the largest market share of 44.8% in the year 2018. China became the largest consumer of this segment owing to the ever-growing food & beverage, and the textile industries along with the chemical industry in this region because of the growing urbanization and industrialization. China became a leader in the world for production and consumption of membrane products because of its low-cost labor, and the rise in urbanization with expanding economy compared with other countries.

Asia Pacific region held the largest market share of 28.4% in the year 2018. Countries like India, China, Taiwan, Indonesia, and Japan are rapidly catching up with the growth in the spiral membrane market. The countries in this region have undertaken various measures towards the water & waste treatment project, which is propelling the market growth.

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For the purpose of this report, Reports and Data have segmented into the global spiral membrane market on the basis of polymer type, technology, end-users and region:

Technology Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)

Nanofiltration

Ultrafiltration

Reverse Osmosis

Microfiltration

Polymer Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)

Polyamide

PS & PES

Fluoropolymers

End-Users Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)

Chemicals & Water & Wastewater Treatment

Food & Beverage

Chemical & Petrochemical

Oil & Gas

Pharmaceutical & Biotechnology

Others

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Regional Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2018-2028)

North America

Europe

Asia Pacific

MEA

Latin America

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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